AJR Research Group is a company that provides research services to clients in the metro area. The company's planning budget for June appears below. AJR Research Group Flexible Budget For the Month Ended June 30 Budgeted research hours (hrs) 100 Revenue ( $365 /hr) $36,500 Expenses Wages and salaries ( $8,000 + $ 125 /hr) $ 20,500 Supplies Databases service ( $1,800 + $ 32 /hr) ( $3.00 /hr) 300 5,000 ( $3,400 ) $630 + $1.80 /hr) Insurance 3,400 Miscellaneous 810 Total expense $ 30,010 Net operating income 6,490 During June, the company's activity was actually 110 research hours. Prepare a flexible budget for that level of activity. What amount of revenues are included in the flexible budget for June? a. $40,150 b. $41,975 c. $36,500 d. $38,325
AJR Research Group is a company that provides research services to clients in the metro area. The company's planning budget for June appears below. AJR Research Group Flexible Budget For the Month Ended June 30 Budgeted research hours (hrs) 100 Revenue ( $365 /hr) $36,500 Expenses Wages and salaries ( $8,000 + $ 125 /hr) $ 20,500 Supplies Databases service ( $1,800 + $ 32 /hr) ( $3.00 /hr) 300 5,000 ( $3,400 ) $630 + $1.80 /hr) Insurance 3,400 Miscellaneous 810 Total expense $ 30,010 Net operating income 6,490 During June, the company's activity was actually 110 research hours. Prepare a flexible budget for that level of activity. What amount of revenues are included in the flexible budget for June? a. $40,150 b. $41,975 c. $36,500 d. $38,325
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:AJR Research Group is a company that provides research services to clients in the metro area. The company's planning budget for June appears below.
AJR Research Group
Flexible Budget
For the Month Ended June 30
Budgeted research hours (hrs)
100
Revenue
( $365 /hr)
$36,500
Expenses
Wages and salaries ( $8,000 + $ 125 /hr) $ 20,500
Supplies
Databases service ( $1,800 + $ 32 /hr)
( $3.00 /hr)
300
5,000
( $3,400 )
$630 + $1.80 /hr)
Insurance
3,400
Miscellaneous
810
Total expense
$ 30,010
Net operating income
6,490
During June, the company's activity was actually 110 research hours. Prepare a flexible budget for that level of activity. What amount of revenues are included in the flexible budget
for June?
a. $40,150
b. $41,975
c. $36,500
d. $38,325
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